Urs Jordi

Aryzta repays remaining €347m of debt-equity bonds

Swiss-Irish group has repaid €880m of hybrid bonds that were a key concern when it was the target of a boardroom coup

Fri Nov 01 2024 - 08:02

Aryzta names its first permanent chief executive since 2020

Lindt CEO and former Aryzta executive Michael Schai will replace interim boss Urs Jordi at Swiss-Irish baked goods group

Mon Jul 15 2024 - 07:30

Three former Aryzta executives join ex-CEO in suing bakery group

The former executives with Cuisine de France parent are suing for ‘specific performance’, signalling they are seeking compensation to which they claim they are entitled

Tue Apr 16 2024 - 13:19

Aryzta earnings surge 58% to top market expectations

Company behind Cuisine de France sees earnings jump to €271.3m

Mon Oct 02 2023 - 13:42

Renault’s lack of sales from RTÉ sponsorship, Intel and state aid, and why Digicel ‘mainly’ hires culchies

Business Today: the best news, analysis and comment from The Irish Times business desk

Fri Jul 14 2023 - 07:37

‘I don’t believe in hierarchy, I believe in competence’- Aryzta turnaround chief Urs Jordi

Swiss baker believes Irish-created multinational made the mistake of getting bogged down in financial engineering, not customer taste and product innovation

Fri Jul 14 2023 - 07:32

Aryzta enjoys 13% revenue growth as food services rebound

Cuisine de France owner warns that inflation will negatively affect its prices this year

Mon Mar 07 2022 - 07:21

Aryzta more than doubles its capacity in Malaysia

Aryzta owns the Cuisine de France label in Ireland and supplies McDonald’s and Subway

Mon Feb 14 2022 - 17:13

Cuisine de France owner bullish despite revenue fall of one-third

Aryzta hails ‘simplified’ company structure as it battles a collapse in investor confidence

Tue Nov 16 2021 - 18:42

Aryzta completes sale of Brazil business ahead of time

Swiss-Irish food group says it will now focus on delivering sequential quarterly growth

Fri Oct 15 2021 - 15:21

Aryzta reports annual loss of €235m but insists it has turned financial corner

Swiss-Irish food posts 8.6 per cent decline in headline revenue as Covid hits sales

Mon Oct 04 2021 - 13:51

Aryzta backs re-election of chairman appointed in boardroom coup last year

Urs Jordi took over after departure of Irish directors from the Swiss-Irish food group

Wed Sept 29 2021 - 12:41

Bread-maker Aryzta’s rebel shareholder whipped it out of the oven too soon

Joe Brennan: Another pressing issue is €950 million of outstanding subordinated debt

Fri Sept 03 2021 - 15:18

Aryzta agrees new €500m credit facility and sells Brazilian businesses

Revolving financial arrangement underwritten by Credit Suisse, Rabobank and UBS

Thu Aug 19 2021 - 07:10

Aryzta revenue rebounds in third quarter

Company also announces appointment of new CFO

Tue Jun 01 2021 - 08:09

Aryzta completes sale of its North American business earlier than estimated

Deal worth $850m included La Brea, Otis Spunkmeyer and Fresh Start bakeries

Tue May 04 2021 - 07:10

Revenues fall by 22.4% at Aryzta in first half of year

Swiss-Irish food group is hit by Covid-19 lockdowns in Europe

Mon Mar 15 2021 - 07:43

Aryzta to sell troubled North American business for $850m

Deal with US firm validates its decision to ‘remain independent’, bakery group says

Fri Mar 12 2021 - 18:07

Aryzta to scrap stock-market listing in Dublin

Swiss-Irish food group’s Dublin listing dates to 1988

Mon Jan 18 2021 - 18:28

Aryzta investor puts one foot out the exit after doubling money

Veraison has almost departed before the hard work it pushed for really begins

Thu Jan 07 2021 - 06:23

Aryzta sells remaining stake in French frozen food group Picard

Swiss-Irish food group sells 4.6% stake in Picard for €24m

Mon Jan 04 2021 - 19:24

A to Z of markets in 2020

From Amazon to Zoom to Covid-19 vaccines – the highs and lows of the year in business

Sat Dec 26 2020 - 05:56

Aryzta to sell Americas units as €734m takeover bid rejected

Boardroom coup at Swiss-Irish group completed this week

Fri Dec 18 2020 - 18:47

Aryzta activist Veraison recoups money selling more than half its shares

Boardroom shake-up completed at annual general meeting on Tuesday

Wed Dec 16 2020 - 08:25

Small investors not too high on Aryzta’s agenda

Cantillon: Company declines to offer shareholders a dial-in line to follow agm

Tue Dec 15 2020 - 12:44

Aryzta activists complete boardroom reshuffle at annual meeting

Swiss-Irish food group held its agm behind closed doors in Switzerland

Tue Dec 15 2020 - 10:55

Another senior executive leaves Aryzta

Company is being targeted for takeover by US hedge fund Elliott

Wed Dec 09 2020 - 20:35

Shareholders advised to vote against Aryzta chief

Another twist in fight for control of Swiss--Irish food group

Tue Dec 08 2020 - 18:43

Elliott makes firm offer for Aryzta and has financing - report

US hedge fund steps up pressure on Aryzta board to accept €734m offer for company

Sat Dec 05 2020 - 19:19

Aryzta shareholder raises stake in embattled bakery group

Lodbrok Capital says the food group is on path to restoring relationships with its stakeholders

Fri Dec 04 2020 - 16:57

Aryzta revenue falls 20% as Covid-19 weighs on foodservice sector

But company says decline is in line with expectations

Tue Dec 01 2020 - 07:30

Aryzta’s largest shareholder urges board not to assist Elliott in bid

Cobas says US hedge fund’s bid for group significantly undervalues

Wed Nov 25 2020 - 11:04

Aryzta likely to reject fresh Elliott bid worth €735m

News of approach came less than 24 hours after Kevin Toland quit as chief executive

Fri Nov 20 2020 - 12:15

Aryzta chief executive Kevin Toland steps down

Shareholders have been agitating for an overhaul of Swiss-Irish baked goods firm

Thu Nov 19 2020 - 20:55